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MARUSAN-AI, The Current Fiscal Year Ordinary Profit Revised Upward by 52%

Thu May 1, 2025 4:00 pm JST Earnings

2551 MARUSAN-AI CO., LTD. 【J-GAAP】

Earnings Report

MARUSAN-AI CO., LTD. <2551> [NSE Main] announced its financial results after the market closed on May 1st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) dropped 33.3% from the same period last year to 0.36 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 51.6%, from the previous forecast of 0.51 billion yen to 0.78 billion yen (compared to 1.11 billion yen in the previous period), and the declining rate is expected to decrease from 53.3% to 29.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to decrease 25.3% from the same period last year to 0.42 billion yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit/loss turned to a loss of 0.15 billion yen (compared to a profit of 0.25 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 3.2% in the same period last year to -1.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2022 14,798 -127 -97 -280 -122.9 ー May 1, 2023 J-GAAP
Oct - Mar, 2023 16,062 538 546 407 178.6 49.1 May 1, 2024 J-GAAP
Oct - Mar, 2024 16,107 380 364 289 127.4 46.3 May 1, 2025 J-GAAP
YoY +0.3% -29.4% -33.3% -29.0% -28.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 15,853 37 107 91 40.6 0 Nov 1, 2024 J-GAAP
Oct - Mar, 2024 Results 16,107 380 364 289 127.4 0 May 1, 2025 J-GAAP
Revision Rate +1.6% +927.0% +240.2% +217.6% +213.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 31,680 356 519 349 155.7 30 Nov 1, 2024 J-GAAP
Sep, 2025 New 32,162 808 787 591 263.7 30 May 1, 2025 J-GAAP
Revision Rate +1.5% +127.0% +51.6% +69.3% +69.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 17,095 609 566 421 184.7 50 Nov 1, 2024 J-GAAP
Apr - Sep, 2025 Guidance 16,055 428 423 302 134.8 30 May 1, 2025 J-GAAP
YoY -6.1% -29.7% -25.3% -28.3% -27.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 30,950 -280 -256 -898 -393.7 30 Nov 1, 2023 J-GAAP
Sep, 2024 33,157 1,147 1,112 828 363.3 50 Nov 1, 2024 J-GAAP
Sep, 2025 Guidance 32,162 808 787 591 263.7 30 May 1, 2025 J-GAAP
YoY -3.0% -29.6% -29.2% -28.6% -27.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 7,728 251 259 201 88.2 3.2 May 1, 2024 J-GAAP
Apr - Jun, 2024 8,467 530 534 378 165.9 6.3 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 8,628 79 32 43 18.9 0.9 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 8,697 472 514 365 160.2 5.4 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 7,410 -92 -150 -76 -33.5 -1.2 May 1, 2025 J-GAAP
YoY -4.1% － － － －

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